Meyer Handelman Co. Has $21.86 Million Stock Position in NVIDIA Corporation $NVDA

Key Points

• Meyer Handelman Co. increased its holdings in NVIDIA Corporation by 1.5% during the second quarter, owning 138,347 shares valued at approximately $21.86 million at the end of the quarter.
• Significant changes in institutional ownership were noted, with Kingstone Capital Partners Texas LLC boosting its position by nearly 268,000%, owning 382 million shares worth over $64 billion.
• NVIDIA recently announced a quarterly dividend of $0.01 per share, representing a minimal annual yield of 0.0%, while maintaining a low payout ratio of 1.14%.

Meyer Handelman Co. grew its position in NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,347 shares of the computer hardware maker's stock after buying an additional 2,061 shares during the quarter. Meyer Handelman Co.'s holdings in NVIDIA were worth $21,857,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in NVDA. Kingstone Capital Partners Texas LLC boosted its holdings in shares of NVIDIA by 267,959.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 382,373,765 shares of the computer hardware maker's stock worth $64,976,521,000 after buying an additional 382,231,120 shares during the period. Nuveen LLC purchased a new stake in shares of NVIDIA in the first quarter worth approximately $15,089,414,000. Goldman Sachs Group Inc. lifted its position in shares of NVIDIA by 123.5% in the first quarter. Goldman Sachs Group Inc. now owns 187,995,213 shares of the computer hardware maker's stock worth $20,374,921,000 after purchasing an additional 103,889,872 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of NVIDIA by 12,173.2% in the first quarter. GAMMA Investing LLC now owns 48,837,781 shares of the computer hardware maker's stock worth $5,293,039,000 after purchasing an additional 48,439,859 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of NVIDIA by 204.6% in the first quarter. Assenagon Asset Management S.A. now owns 35,652,571 shares of the computer hardware maker's stock worth $3,864,026,000 after purchasing an additional 23,948,733 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 350,000 shares of the business's stock in a transaction on Friday, September 19th. The shares were sold at an average price of $176.39, for a total transaction of $61,736,500.00. Following the transaction, the director owned 7,399,803 shares of the company's stock, valued at approximately $1,305,251,251.17. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jen Hsun Huang sold 75,000 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $169.54, for a total transaction of $12,715,500.00. Following the transaction, the chief executive officer directly owned 74,123,225 shares in the company, valued at $12,566,851,566.50. This trade represents a 0.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,947,622 shares of company stock valued at $694,333,235. 4.17% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wedbush reissued an "outperform" rating and issued a $210.00 price target on shares of NVIDIA in a research report on Thursday, August 28th. Bank of America increased their price target on shares of NVIDIA from $220.00 to $235.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Robert W. Baird raised their price objective on shares of NVIDIA from $195.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. Mizuho raised their price objective on shares of NVIDIA from $192.00 to $205.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. Finally, Phillip Securities raised shares of NVIDIA from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, July 14th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average price target of $211.26.

NVIDIA Trading Down 0.3%

NASDAQ:NVDA opened at $185.04 on Wednesday. NVIDIA Corporation has a 12 month low of $86.62 and a 12 month high of $191.05. The firm has a market cap of $4.50 trillion, a price-to-earnings ratio of 52.72, a P/E/G ratio of 1.34 and a beta of 2.12. The company has a quick ratio of 3.60, a current ratio of 4.21 and a debt-to-equity ratio of 0.08. The company's 50 day moving average is $178.48 and its 200-day moving average is $149.30.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The company had revenue of $46.74 billion for the quarter, compared to analyst estimates of $45.65 billion. During the same quarter last year, the firm posted $0.68 earnings per share. The company's quarterly revenue was up 55.6% compared to the same quarter last year. NVIDIA has set its Q3 2026 guidance at EPS. Equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA's payout ratio is 1.14%.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.